Morgan Stanley (NYSE:MS) announced that it has increased its stake in Playtech PLC (LON:PTEC) as of Monday. Having held a total of 5.35% in the gambling software development company beforehand - 5.01% through shares and 0.35% through financial instruments - Morgan Stanley now holds a total stake of 6.0003% - 5.44% in shares and 0.56% through…
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ASIC announced that it has banned Mr Damien Rodr, of Sydney, from providing financial services under s920A of the Corporations Act following an ASIC investigation into trading in the shares of DirectMoney Ltd ('DirectMoney'; ASX code: DM1). Mr Rodr, a Designated Trading Representative (or 'DTR') for Bell Potter Securities Ltd ('Bell Potter'), has been banned…
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Leading off our reports of FX trading volumes for November by leading Retail and Institutional eFX platforms, Forex ECN FastMatch data shows a 1% decline in activity from October, although still fairly strong overall in a historical context FX trading volumes at FastMatch averaged $17.8 billion daily in November, versus $18.0 billion ADV in October…
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Beginning our peek into November 2017 trading volumes at leading eFX trading platforms, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that November may turn out to be one of the best months of the year for FX trading. FX trading volumes at Cboe FX averaged $33.9…
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GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported flat trading volumes during the month of November - like October, slightly down from the near-record trading volumes seen during the months of August and September. GTX reported total trading volumes of $321 billion in November, down slightly (less than 1%) from…
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Blockchain technology is disrupting companies, sectors, basically the whole world. The technology has helped the crypto "craze" to achieve new hights, with market capitalization of over $200 billion. Now, according to the latest report on Blockchain technology predicts a CAGR of 54.5% over the period of 2017 - 2023. The study on Blockchain Technology market covers…
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The U.S. Securities and Exchange Commission today charged two individuals with defrauding elderly investors in a penny stock scheme involving Florida entertainment companies and their “Spongebuddy” product. The charges are part of the Miami Regional Office’s Recidivist Initiative which has thus far resulted in enforcement actions against 23 individuals, nine of whom also have been…
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Cyprus financial regulators the Cyprus Securities and Exchange Commission (CySEC)has announced that, further to its Decision published on 11 October 2017, informs the public that, at its meeting dated 27 November 2017, it has decided to withdraw the suspension of the authorisation of the Cyprus Investment Firm Concorde Investments (Cyprus) Ltd (‘the Company’), number 189/13,…
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The U.S. Securities and Exchange Commission (SEC) has announced awards of more than $8 million each to two whistleblowers whose critical information and continuing assistance helped the agency bring the successful underlying enforcement action. With this case, SEC enforcement actions involving whistleblower awards have now resulted in more than $1 billion in financial remedies ordered…
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The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today extended relief it provided certain CFTC-registered swap dealers (SD) and major swap participants (MSP) in November 2016. Today’s relief, announced in a no-action letter, states that the Division will not recommend that the CFTC take an enforcement action against a non-U.S. SD or…
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